Ferrari's first electric car, the Luce, has drawn criticism from fans and existing owners who call it insulting.

Critics compare the bubble-shaped five-seater to a Nissan Leaf and question its $640,000 price tag.

The company's stock fell more than 8% after the unveiling, wiping billions off its market value.

AI-generated summary was reviewed by a CNN editor.

It’s deemed outrageously expensive, it’s insulting to existing owners and perhaps most damning of all – it looks like a Nissan Leaf. Those are just some of the unflattering comments directed at Ferrari’s first electric car, the Luce, since it was unveiled earlier this week by the legendary Italian marque.